Senior Accountant

PRIMARY OBJECTIVE OF POSITION: The Senior Accountant is responsible for overseeing the funding status of both prime and subcontracts, ensuring compliance with contract terms and financial regulations. Additionally, they play a key role in bid and proposal work, assisting in cost estimation, pricing strategy development, and financial analysis to support successful contract acquisition.

MAJOR DUTIES & RESPONSIBILITIES:

• Maintain a thorough understanding of the project structure, cost accruals, billings, and financial reporting.
• Ensure invoices are billed in accordance with contract requirements and reconcile billings for each CLIN, as required.
• Accurately maintain and update financial records related to contracts, including budgets, expenses, and funding status.
• Generate and distribute regular reports detailing the funding status of prime and subcontracts and submit contract-required limitation of funds notifications.
• Provide analysis and recommendations based on financial data.
• Ensure that all financial activities related to contracts comply with relevant laws, regulations, and company policies (IRS, GAAP, FAR, DFAR, DCAA, DCMA, etc.).
• Prepare and Manage Governmental Accounting documentation and submissions, such as annual Incurred Cost Submissions, annual Provisional Rates submissions, DCAA/DCMA audits, etc.
• Monitor and report any discrepancies or non-compliance issues.
• Assist in forecasting future funding requirements for ongoing and upcoming contracts.
• Act as a point of contact between internal teams, Government contracting offices, clients, and subcontractors regarding funding-related inquiries.
• Provide timely updates and responses to all relevant stakeholders.
• Develop contingency plans for funding shortfalls or unexpected expenses.
• Implement best practices and efficiencies to enhance contract finance administration.
• Maintain organized and comprehensive records of all financial transactions, correspondence, and contract-related documents.
• Manage and ensure all contract related transactions are captured in a timely and accurate manner in the company’s Accounting Systems, including job costs, billings, subledgers, etc., as well as in Government System touch points such as WAWF, DCAA compliance documentation, etc.
• Provide internal training and support on contract finance processes and tools.
• Develop cost estimates for bids and proposals, considering various factors such as labor, materials, overhead, travel, ODCs, and contingencies.
• Collaborate with cross-functional teams to prepare budgets for bids and proposals, ensuring alignment with project requirements and financial constraints.
• Conduct profitability analysis on potential contracts to assess their financial viability and contribution to the organization's overall goals.
• Provide financial expertise and support during contract negotiations, offering insights on pricing, payment terms, and financial implications.
• Develop financial documentation and exhibits for inclusion in bid and proposal submissions, ensuring accuracy and clarity.
• Prepare Pricing narrative documentation and analysis for Government bid and proposal submissions.
• Stay informed about relevant government regulations, especially those related to cost accounting standards and pricing strategies for government contracts.
• Maintain comprehensive records of bid and proposal activities, including financial data, correspondence, and documentation related to pricing strategies.

MINIMUM QUALIFICATIONS

• A bachelor's degree in finance, accounting or business administration required.
• A minimum of 2-5 years of relevant experience in contract finance administration, financial analysis, or a related field. Experience in Department of the Defense (DOD) government contracting preferred.
• Strong understanding of financial principles, including budgeting, forecasting, cost analysis, and financial reporting.
• Familiarity with contract terms, funding mechanisms, and compliance requirements.
• Experience in supporting bid and proposal activities, including cost estimation, pricing strategy development, and proposal review.
• Proficiency in data analysis, financial modeling, and the ability to interpret financial data to support decision-making.
• A high level of accuracy and attention to detail is crucial in maintaining precise financial records and ensuring compliance.
• Strong verbal and written communication skills are essential for effective collaboration with cross-functional teams, clients, and subcontractors.
• Proficiency in Microsoft Excel, as well as familiarity with financial management software and enterprise resource planning (ERP) systems.
• Understanding of relevant industry regulations, and government contracting requirements (GAAP, FAR, DFAR, DCAA, DCMA, etc.).
• Ability to work effectively in a team environment and collaborate with colleagues from various departments.
• Flexibility to adapt to changing priorities and deadlines in a dynamic work environment.
• Adherence to ethical standards and a commitment to maintaining confidentiality and integrity in financial transactions and reporting.